Topic: 100 reasons why bitcoin is the best currency today (Read 3081 times)
44. No law mandating the technical implementation
To evade tax 
I think that is fair for 43. Or maybe better said, to evade criminals and thieves
To evade tax
Because Bitcoin is not Traceable....
8,9,15 &2,31 contradict each other 
2&5 are the best reasons for me
2&5 are the best reasons for me
well lets at least try to make it to 50!
42. Bitcoin has never been used to fund war
42. Bitcoin has never been used to fund war
we can never know, maybe some African military leaders used it to transfer money for weapons
we will never know if this is true
yeah thats true, maybe we could say "known wars".
well lets at least try to make it to 50!
42. Bitcoin has never been used to fund war
42. Bitcoin has never been used to fund war
we can never know, maybe some African military leaders used it to transfer money for weapons
we will never know if this is true
well lets at least try to make it to 50!
42. Bitcoin has never been used to fund war
42. Bitcoin has never been used to fund war
Evil reply:
42. You can put bounty to assassinate someone..
42. You can put bounty to assassinate someone..
But that doesn't make it better or worse than dollars because of course you can also do that with dollars too, in fact I'm sure dollars are still much more popular for that service.
add more anonymous then
! I mean with dollars it's easier traceable. But youre the boss so you decide ^^
Evil reply:
42. You can put bounty to assassinate someone..
42. You can put bounty to assassinate someone..
But that doesn't make it better or worse than dollars because of course you can also do that with dollars too, in fact I'm sure dollars are still much more popular for that service.
add more anonymous then
! I mean with dollars it's easier traceable. But youre the boss so you decide ^^ Evil reply:
42. You can put bounty to assassinate someone..
42. You can put bounty to assassinate someone..
But that doesn't make it better or worse than dollars because of course you can also do that with dollars too, in fact I'm sure dollars are still much more popular for that service.
Evil reply:
42. You can put bounty to assassinate someone..
42. You can put bounty to assassinate someone..
42. Transactions are not reversible, reducing fraud.
thanks for that but we have it covered in number 9, "No charge backs."
42. Transactions are not reversible, reducing fraud.
41. There is cool live data on all the transactions on the network
Lets make a list of the top 100 reasons bitcoin is the best currency today. Then when someone asks "what makes bitcoin better than the X", we can point them here.
3. Created by the people
3. Created by the people
Don't forget Money was not created by people but by ALIENS!!!!! Also BTC was made by 500 PEOPLE NOT ONE GUY CALLED SATOSHI!!!
40. Because of the divisibility, it's great for donations
Are we going to make it to 100? Need some ideas! I updated the first post to this point.
Are we going to make it to 100? Need some ideas! I updated the first post to this point.
39. It's completely unbiased on age. A seven year old can use bitcoin the same as someone 100
38. The government cannot confiscate/freeze your funds!
I think it might be better to say they can't "easily" confiscate/freeze your funds.
http://xkcd.com/538/
I hate phobias 
38. The government cannot confiscate/freeze your funds!
I think it might be better to say they can't "easily" confiscate/freeze your funds.
38. The government cannot confiscate/freeze your funds!
I think it might be better to say they can't "easily" confiscate/freeze your funds.
38. The government cannot confiscate/freeze your funds!
37. Each person can have nearly an unlimited number of accounts
36. Allows everyone the same ability to buy and sell, regardless of if they are rich or poor
35. Gets the developer geeks thinking about economics
34. Able to make anonymous donations to charities such as Wikileaks.
33. Can bring the evil ship of US down which in turn would lead to less expensive lifestyle around the globe.
32. Can be used as proof of ownership for other items
You can loan only Bitcoins you really have
Bitcoin is the most track-able currency to ever grace the planet.
You just can't reveal who owns what address.
You just can't reveal who owns what address.
29. Fractional to 8 places after the decimal
these last two gave me an idea.
28. it's a great way for people to learn more about free and open source software!
28. it's a great way for people to learn more about free and open source software!
The code for the system is open source. People who don't know about open source may not be aware of how safe this makes bitcoin.
And it's a 'currency' EVERYONE on this marvelous planet can be excited about!
27. Has a market that runs 24 hours a day, 7 days a week and 365 days per year
26. Perfect for online gambling
You lost me at "17. Sexy"
Are people fapping around at bitcoins already?
Are people fapping around at bitcoins already?
25. huge amounts of constant innovation
my favorite thing about BTC is its anonymous with no paper trail for the government to follow and tax.
i also hate the banks they are crooks they invest with our money make billions they give us 0.01% interest and charge us more in fee's than we make in interest.
i also hate the banks they are crooks they invest with our money make billions they give us 0.01% interest and charge us more in fee's than we make in interest.
9. no charge backs
depends on which side you are, this isn't good for everyone
10. It will be worth more later then the day you purchased it
I call it good for everyone, because it's understood from the start that there is no getting your money back, so the person giving the money has to take that into consideration when making the deal, the risk vs reward. The reason I posit this point is because in the current system you often times don't know what will happen, maybe money back, maybe not.
yes, but it leaves the possibility of getting scammed, if there is a valid reason for a refund you're going to get it on some services
Chargebacks are just a cheap form of escrow service.
Doesn't really have anything to do with the currency anyway. If we ever see bitcoin credit cards or bitcoin debit cards, they very well might have chargebacks. (Probably will, in fact.)
That's a really good point. It's like you can't really charge back cash, but the credit system that surrounds cash allows for that sometimes.
9. no charge backs
depends on which side you are, this isn't good for everyone
10. It will be worth more later then the day you purchased it
I call it good for everyone, because it's understood from the start that there is no getting your money back, so the person giving the money has to take that into consideration when making the deal, the risk vs reward. The reason I posit this point is because in the current system you often times don't know what will happen, maybe money back, maybe not.
yes, but it leaves the possibility of getting scammed, if there is a valid reason for a refund you're going to get it on some services
#25. It's a gateway drug to altcoins.
23. Voluntary participation. No "must be accepted for all payments..." laws.
22 - Fast and free (Almost free
) *Worldwide* Transfers I sort of already said that one, (very low transfer fees). But anyway I figure when we get to 100 we can figure out which are duplicates and which are the best.
22 - Fast and free (Almost free
) *Worldwide* Transfers 21. No ID required
that's a good one I didn't think of!
21. No ID required
Because it is just the best invention of mankind 
19. Can be used to transmit messages.
18. Earlier LTC, NMC, ....
16. simple!
15. The creator(s) is(are) anonymous
14. Not bound by boarders
12. drug laundering made easy!
I would say "Drug purchases made safe"
13. Easy access
12. drug laundering made easy! Drug purchases made safe!
11. Large, active and supportive community
9. no charge backs
depends on which side you are, this isn't good for everyone
10. It will be worth more later then the day you purchased it
I call it good for everyone, because it's understood from the start that there is no getting your money back, so the person giving the money has to take that into consideration when making the deal, the risk vs reward. The reason I posit this point is because in the current system you often times don't know what will happen, maybe money back, maybe not.
okay, people might not be happy with me saying this.. but bitcoin is inherently a deflationary asset... which means value should continue to rise. the problem with that is not enough money is going to be encouraged for spending, which makes it a bad "currency." i'm not saying that it's not a currency, all im saying is that it's a quasi currency.. it can be spent to purchase goods, but it does not have all the qualities that are required to be considered a true "standalone currency."
This is only bad if you hold a lot of wealth
okay, people might not be happy with me saying this.. but bitcoin is inherently a deflationary asset... which means value should continue to rise. the problem with that is not enough money is going to be encouraged for spending, which makes it a bad "currency." i'm not saying that it's not a currency, all im saying is that it's a quasi currency.. it can be spent to purchase goods, but it does not have all the qualities that are required to be considered a true "standalone currency."
9. no charge backs
depends on which side you are, this isn't good for everyone
10. It will be worth more later then the day you purchased it
9. no charge backs
2: It's nearly untrackable
In many ways, just the opposite.
8 - honest
- predictable amount of coins in circulation at any give time.
Incorrect. There is no way of ever knowing which coins are lost, and which coins are being horded. That uncertainty will only rise with time.
- predictable amount of coins in circulation at any give time.
6. Fully open source
How is this thread off-topic? Lol
Because I didn't know where else to put it
How is this thread off-topic? Lol
5: No inflation
Very low transfer fees
Created by the people
2: It's nearly untrackable
1. No central authority
Lets make a list of the top 100 reasons bitcoin is the best currency today. Then when someone asks "what makes bitcoin better than the X", we can point them here.
1. No central authority
2. It's nearly untrackable
3. Created by the people
4. Very low transfer fees
5. No inflation
6. Fully open source
7. predictable amount of coins in circulation at any give time.
8. honest
9. no charge backs
10. It will be worth more later then the day you purchased it
11. Large, active and supportive community
12. Drug purchases made safe
13. Easy access
14. Not bound by boarders
15. The creator(s) is(are) anonymous
16. simple!
17. Sexy
18. Earlier LTC, NMC, ....
19. Can be used to transmit messages.
20. Not controlled by corrupted people.
21. No ID required
22. Fast and free (Almost free Grin) *Worldwide* Transfers
23. Voluntary participation. No "must be accepted for all payments..." laws.
24. You can transfer it over the Internet.
25. Huge amounts of constant innovation
26. Perfect for online gambling
27. Has a market that runs 24 hours a day, 7 days a week and 365 days per year
28. It's a great way for people to learn more about free and open source software!
29. Fractional to 8 places after the decimal
30. Bitcoin is the most track-able currency to ever grace the planet. You just can't reveal who owns what address.
31. You can loan only Bitcoins you really have
32. Can be used as proof of ownership for other items
33. Can bring the evil ship of US down which in turn would lead to less expensive lifestyle around the globe.
34. Able to make anonymous donations to charities such as Wikileaks.
35. Gets the developer geeks thinking about economics
36. Allows everyone the same ability to buy and sell, regardless of if they are rich or poor
37. Each person can have nearly an unlimited number of accounts
38. The government cannot easily confiscate/freeze your funds!
39. It's completely unbiased on age. A seven year old can use bitcoin the same as someone 100
40. Because of the divisibility, it's great for donations
41. There is cool live data on all the transactions on the network
42. No known uses to fund war
43. Favourable to evade criminals and thieves
44. No law mandating the technical implementation
1. No central authority
2. It's nearly untrackable
3. Created by the people
4. Very low transfer fees
5. No inflation
6. Fully open source
7. predictable amount of coins in circulation at any give time.
8. honest
9. no charge backs
10. It will be worth more later then the day you purchased it
11. Large, active and supportive community
12. Drug purchases made safe
13. Easy access
14. Not bound by boarders
15. The creator(s) is(are) anonymous
16. simple!
17. Sexy
18. Earlier LTC, NMC, ....
19. Can be used to transmit messages.
20. Not controlled by corrupted people.
21. No ID required
22. Fast and free (Almost free Grin) *Worldwide* Transfers
23. Voluntary participation. No "must be accepted for all payments..." laws.
24. You can transfer it over the Internet.
25. Huge amounts of constant innovation
26. Perfect for online gambling
27. Has a market that runs 24 hours a day, 7 days a week and 365 days per year
28. It's a great way for people to learn more about free and open source software!
29. Fractional to 8 places after the decimal
30. Bitcoin is the most track-able currency to ever grace the planet. You just can't reveal who owns what address.
31. You can loan only Bitcoins you really have
32. Can be used as proof of ownership for other items
33. Can bring the evil ship of US down which in turn would lead to less expensive lifestyle around the globe.
34. Able to make anonymous donations to charities such as Wikileaks.
35. Gets the developer geeks thinking about economics
36. Allows everyone the same ability to buy and sell, regardless of if they are rich or poor
37. Each person can have nearly an unlimited number of accounts
38. The government cannot easily confiscate/freeze your funds!
39. It's completely unbiased on age. A seven year old can use bitcoin the same as someone 100
40. Because of the divisibility, it's great for donations
41. There is cool live data on all the transactions on the network
42. No known uses to fund war
43. Favourable to evade criminals and thieves
44. No law mandating the technical implementation
Jump to: